Play Long-term Games With Long-term People
March 19, 2019, 7:29 a.m.
Pick an industry where you can play long-term games with long-term people. All returns in life come from compound interest over many turns of the game.
• Play long-term games with long-term people 0:00
• When you switch industries, you're starting over from scratch 2:21
• Long-term players make each other rich 4:02
• Returns come from compound interest in iterated games 4:49